Personal Finance – The Guide to Your Finance

by Misbaudeen Adeshina

Table of Contents

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A Quick Guide to Manage Your Finance

Personal finance implies managing your money, investing, and at the same time saving it. It equally means able to meet your personal financial goals which can either be long term or short term goals. Your personal finance depends on how much you earn, your living, and health expenses. In order to effectively and judiciously make use of your fund, I’ll walk you through some of the most effective and efficient personal finance strategies.

Personal Finance Strategies

Formulate a Budget:

It’s important to formulate a budget today as it would aid you in living within your means. It would also ensure you’re able to save money in order to achieve both your long term and short term goals. Managing money has never been easy, and will never be easy but with the invention of various applications and platforms, you can try it out and start devising your budget today

Limit Your Debt:

As simple as it sounds, you need to strictly limit your debt either good or bad debt. It is important to desist from spending more than you earn if you really want to achieve your desired goals. I understand you need to incur debts but trying as much as possible to reduce it is advantageous.

Wise Use of Credit Card:

Almost everyone owns a credit card today, it’s virtually a major trap for debts. Aside from using your credit card as a means of payment for goods and services, it also provides great tracking for all your spending which can help you in planning your budget.

This Post is for you -   The Art of Money Management

Emergency Fund:

An emergency fund literally means money for any unforeseen circumstance or situation. How about you start setting aside 20% of your income for emergencies like medical bills, house rent, or car repairs. You never can tell when you might need to pay for emergencies which is why you need to start today.

Plan and Save for Retirement:

Are you like me? Thinking that your retirement is still long years away. Let me be frank with you, it pays to start planning for retirement now. The faster you start now, the more you’re able to save which equivalently means the more you get to enjoy life after your retirement. Saving money for your retirement today would no doubt aid you in affording a better retirement life. Apart from saving, you can start investing money today for your retirement. An investment like real estate, cryptocurrency, and lots more are available today and offer maximum benefits.

Enjoy Yourself:

Yes, I had to save this for the last, does it seems to you as well that budgeting and planning seem like being deprived of your rights. It seems so to me as well which is why I would implore you today to try and reward yourself as well while budgeting and planning for tomorrow. Take that dream vacation you have always wanted, eat out at that new restaurant, buy that your dream car now, I believe you deserve to enjoy the fruits of your labour but all in all, you have to remember that planning ahead for tomorrow is important as you never can tell.

 

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31 comments

Lateef Tafeek olaniran January 7, 2021 - 6:04 pm

Thank you for all information about finance what I want is that allow me to enter Canada for work thank you

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Mohammed December 8, 2020 - 10:39 am

Good idea

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Dugasa December 6, 2020 - 2:59 pm

Hello canada i need you in my life plz help me to came thare to work

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Belay Leta Seta September 29, 2020 - 2:15 pm

For VISA $ 25, $ 2777 for travel and for Investment when I get the above mentioned. my goals is long term and In a month $3000 is enough for me. and I live afto I die. My health is a normal.

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Guerby Destira September 29, 2020 - 12:54 am

Hello my Name’s Guerby Destira since Haiti I would you like to work in Canada can i find someone help please?

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Guerby Destira September 29, 2020 - 12:53 am

Hello my Name’s Guerby Destira since Haiti I would you like to work in Canada can i find someone help please?

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Dugasa sani September 27, 2020 - 1:46 pm

Yes I accept thanks for all information plz help me to come canada

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Mebrahaten abrha September 27, 2020 - 9:45 am

Wow very amazing

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Antonio Lelo Bukete September 26, 2020 - 7:48 pm

J’accepte cette opportunité

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Pierre Maguelita September 26, 2020 - 2:40 am

I Dreams this job in Canada

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Bernard Njoroge Muita September 25, 2020 - 4:01 pm

I would like to get job in Canada

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Mark Lamin September 25, 2020 - 3:45 pm

To help me with free visa to Canada.

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samantharzaw September 25, 2020 - 4:17 am

Yes .Sir , It is very pleasure to hearing the new words in here that is Personal Finance . I also have the plan by dividing Finance. But I’ve low salary else it was not enough so I did the reducing in expenditure that I want instead of buy the materials . I don’t look 100% things , I changed to buy 30% , we need the money more than we earn . So I would like to change my lifestyle . I’m very carious what I want . I lived eagerly in my life for future I have long term in my new land so I was serious to work and live as immigration in Canada. I want to challenge the fate which will carry me how far and how high . I’m such a person . Thank you for the post The Guide to Your Finance .

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Shewit mizan October 2, 2020 - 9:15 pm

Good

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Adeshina October 9, 2020 - 8:41 am

This is great to know that you are determined to change your lifestyle.

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Gatogato evelyne September 24, 2020 - 5:11 pm

Plz i want to work in canada and i want visa how can i do ?

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Jambo September 24, 2020 - 5:04 pm

I love you in Ethiopia

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Bilal September 24, 2020 - 2:45 pm

Thanks for all information.so accept this idea

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Bilal hmimou September 24, 2020 - 2:45 pm

Thanks for all information.so accept this idea

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Bilal hmimou September 24, 2020 - 2:44 pm

Thanks for all information.so accept this idea

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Talemos Tafese September 24, 2020 - 7:02 am

Thanks for all information .I accept your idea I from Ethiopia

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Diane mohamed September 24, 2020 - 5:44 am

Tres cool

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Haftom germaryam September 24, 2020 - 1:05 am

Thanks for all information. So Accept this idea

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Get September 24, 2020 - 8:07 am

Good

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Gabriel Jimmy September 23, 2020 - 11:43 pm

J’accepte d’option,mais ces pour combien de temps

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Diane mohamed September 24, 2020 - 5:46 am

Tres cool

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Demes gelasa September 24, 2020 - 9:37 pm

Please iwant to work in canad
Any jobs please suport me
Tnx alot !

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Gabriel Jimmy September 23, 2020 - 11:41 pm

J’accept cette opportunité

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José Manuel Delgado Aguayo September 23, 2020 - 11:38 pm

Si claro que todo eso es de suma importancia solo que en muchos caso es muy dificil poder planificar asi las finansas pero de ser posible es una muy buena manera de presupuestar el fruto del arduo trabajo..

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Carlos Luis Lores Pupo September 23, 2020 - 9:46 pm

Es muy importante saber llevar la finanza

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Ibrahim jalloh September 13, 2020 - 11:27 am

I love canada

Reply

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